by Great Paraxy | Dec 3, 2022 | Tax
Understanding Valued Added Tax (VAT) in Zimbabwe. VAT is one of the biggest revenue contributors to our government , besides IMTT and Income Tax. Mechanics of VAT. VAT, is a tax on value added by each registered operator in the production/distribution chain. Imposed...
by Great Paraxy | Dec 3, 2022 | Business, Tax
As a new trader what are my tax obligations to ZIMRA? New businesses are obliged to register with ZIMRA within 30 days of commencing business. ZIMRA registration requirements are explained on this article https://lucent.co.zw/how-to-register-with-zimra/tax/. Tax heads...
by Great Paraxy | Nov 30, 2022 | Business, Tax
Everything small business needs to know about taxes in Zimbabwe. Many small business owners and start-ups think they are beneath ZIMRA scrutiny. Tax is a strange, foreign world, and so it’s easier to just ignore the whole thing.To ensure your small business’s success...
by Great Paraxy | Nov 29, 2022 | Tax
What is Tax Planning? Tax Planning is considering the tax implications of individual or business decisions with goal of minimizing the tax liability. The process of setting goals, developing strategies to reduce tax liability of the business or individual. Tax laws...
by Great Paraxy | Nov 28, 2022 | Tax
Withholding Tax on Tenders. Withholding tax on tender is a tax which is deducted by payer from suppliers without a valid tax clearance certificate. The tax is guided by Section 80 of Income Tax Act. What percentage is withholding tax on tenders in Zimbabwe?...
